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2019 District of Columbia Code
Title 26 - Banks and Other Financial Institutions.
Chapter 5 - Credit Unions.
§ 26–502. Conversion of District credit unions into federal credit unions — Approval; effect thereof.
Universal Citation: DC Code § 26–502 (2019)
The Administrator shall approve any such organization certificate meeting such requirements. Upon such approval, the applicant credit union shall become a federal credit union, and shall be vested with all of the assets and shall continue responsible for all of the obligations of such applicant credit union to the same extent as though the conversion had not taken place.
(Aug. 1, 1964, 78 Stat. 377, Pub. L. 88-395, § 2.)
Prior Codifications1981 Ed., § 26-602.
1973 Ed., § 26-520.
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